Looking to balance out your exposure to SKLZ? The ETFs below have the lowest correlation with SKLZ — they tend to move on their own, which can help reduce risk when SKLZ drops. The stock ideas table highlights individual companies that behave independently from SKLZ.
Best Diversifiers for SKLZ
0 ETFs have low correlation with SKLZ (below 0.3), 0 of which are negatively correlated. The least correlated is Vanguard S&P 500 ETF (VOO) (S&P 500) with a 1Y correlation of 0.33, down from 0.47 over 5 years.
| Symbol | Name | Correlation 1Y | Correlation 3Y | Correlation 5Y | Risk / Return Rank | Category | Compare |
|---|---|---|---|---|---|---|---|
| Vanguard S&P 500 ETF | 0.33 | 0.36 | 0.47 | 70 | S&P 500 | SKLZ vs VOO |
Diversification Analysis
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